iOS app Android app

National Debt

Let's Focus on Creating Jobs, Not Playing Chicken With the Debt Ceiling

Rep. Keith Ellison | Posted 08.03.2011 | Politics
Rep. Keith Ellison

I wonder how long House Republicans are going to continue playing ideological games with the economy. Dilly-dallying with the debt ceiling is clearly the wrong direction for our country.

Patriots Don't Let Their Nation Default

Rep. Gary Ackerman | Posted 08.03.2011 | Politics
Rep. Gary Ackerman

Congress has never failed to increase the debt limit when necessary. Why? Because the consequences are too severe to contemplate.

The Tea Party's 10 Ways to Survive Town Hall Meetings

Andy McDonald | Posted 07.31.2011 | Comedy
Andy McDonald

A Tea Party group known as FreedomWorks has provided new GOP congressmen and women with talking points that will help them survive budget-focused town hall meetings which have recently been very confrontational for conservatives.

Turn Around King to US Debt

Grant Cardone | Posted 08.01.2011 | Business
Grant Cardone

While the US national debt is exploding to historic levels, it is not the problem that the media or politicos makes it out to be. The US debt situatio...

Fiscal Follies: The Debt Ceiling and the 48 Percent Solution

Scott Bittle | Posted 07.27.2011 | Business
Scott Bittle

The Defense Department is just the first casualty. There would be no federal money for public schools, college loans, highways, the Centers for Disease Control or just about anything else most of us expect from government.

Sorry, Creditors: I've Already Reached My Debt Ceiling

Larry Womack | Posted 07.26.2011 | Politics
Larry Womack

Now that there are no consequences to not paying your bills, there has never been a better time to be a deadbeat in America.

The Simplest Solution for Our National Debt...

Patrick Takahashi | Posted 07.26.2011 | Politics
Patrick Takahashi

... is to, for now, continue to increase it! Huh? Yes, I'm serious, and let me tell you why. First of all, most of you lean to the Republican point o...

Jon Ward

Tim Pawlenty Cuts Against Tea Party Energy, Says No To Pentagon Cuts | Jon Ward | Posted 07.25.2011 | Politics

WASHINGTON -- If Tim Pawlenty intended to tell his audience something they didn't want to hear during his speech at the libertarian-leaning Cato Insti...

The Debt Threat as Economic Terrorism

Stuart Diamond | Posted 07.24.2011 | Politics
Stuart Diamond

Why would someone threaten to make things a lot worse economically? It's like threatening the family that you will burn down the house unless you get what you want. It's extreme, divisive, destructive.

Amanda Terkel

WATCH: Newt Gingrich Defends Debt To Expensive Jewelry Store | Amanda Terkel | Posted 07.22.2011 | Politics

WASHINGTON -- Republican presidential candidate Newt Gingrich defended the large debt he owed to the luxury jewelry store Tiffany & Co. in 2005 and 20...

CHART: When Will Tax Cuts Become The Public Debt's Biggest Problem?

The Huffington Post | William Alden | Posted 07.20.2011 | Business

This post has been corrected. If the Bush-era tax cuts are renewed next year, that policy will by 2019 be the single largest contributor to the nat...

Debate Begins In Earnest As U.S. Hits Debt Limit

Posted 07.15.2011 | Politics

WASHINGTON (Reuters) – The United States will reach the limits of its borrowing authority on Monday, but don't expect to hear alarm bells in Was...

Big Oil's Political Ploy

William S. Becker | Posted 07.13.2011 | Politics
William S. Becker

This isn't the first time we've had this debate. Again this week, oil executives were called before Congress to justify excessive profits. For the past 40 years of oil crises, oil wars and oil-induced recessions, it has been Groundhog Day on Capitol Hill.

Will Obama Stand Up to Republican Threats to Blow Up the Economy?

Miles Mogulescu | Posted 07.13.2011 | Politics
Miles Mogulescu

If President Obama doesn't want to go down in history as the Democratic President who began the dismantling of signature Democratic achievements, he must have the same courage in standing up to Republican hostage takers as he did in going after Bin Laden.

Who's Afraid of a Countdown Clock?

Marty Kaplan | Posted 07.13.2011 | Media
Marty Kaplan

Whether cable stations run a countdown clock for when we'll hit the national debt limit or not, the controversy draws viewers, so the networks win either way. I just wish that were also true for the country.

Poll Shows Where Americans Stand On Raising Taxes In Debt Fix

Posted 07.12.2011 | Politics

WASHINGTON (Reuters) – More than half of Americans say higher taxes should be part of a fix to tame the $14.3 trillion U.S. debt, a Reuters poll...

John Boehner's Words to Wall Street Ring Hollow

David Paul | Posted 07.11.2011 | Politics
David Paul

So John Boehner wants trillions of dollars in cuts. Trillions. And everything is on the table. Except tax increases. And except for allowing expiring tax cuts to expire. But everything is not on the table if everything isn't on the table.

Gas Prices up, Wages Down, Americans Caught in the Middle

Bryce Covert | Posted 07.11.2011 | Business
Bryce Covert

What do Americans do when we can't afford the necessities? What we've learned to do over the past 30 years as our wages stagnated: use credit cards to plug the gaping holes.

Default Is Not in Our Future

David Paul | Posted 07.10.2011 | Business
David Paul

Congress may or may not raise the debt ceiling. Who knows what Congress, in its infinite wisdom, will do; but the notion that a failure to raise the debt ceiling will lead to a default by the U.S. Government on outstanding Treasury securities is nonsense.

Retiring the National Debt by Not Destroying the Economy

Stephen Herrington | Posted 07.09.2011 | Politics
Stephen Herrington

Retiring the national debt shouldn't even be an issue in Washington. The national debt as a percent of GDP has been higher in the the past and we survived. The key to that survival was to grow the economy.

Fiscal Follies: No New Taxes? So Now What?

Scott Bittle | Posted 07.08.2011 | Business
Scott Bittle

Politicians have been telling the public for years that all we need to do is cut -- even if they stop short of describing the details. So let's take a look at what "no new taxes" really means.

Jon Ward

Tim Pawlenty Knocks Congressional Republicans On Emerging Debt Ceiling Deal | Jon Ward | Posted 07.06.2011 | Politics

GREENVILLE, S.C. -- Tim Pawlenty opened up a new line of criticism against Republicans in Congress for their approach to the debt limit negotiations, ...

Ryan Grim

Senate Dems Fired Up At Kent Conrad | Ryan Grim | Posted 07.03.2011 | Politics

WASHINGTON -- Senate Democrats are furious at their lead budget negotiator for crafting a blueprint that they think moves the party too far to the rig...

Reducing U.S. Debt and Creating Jobs Through Public Control of Our Money System

Stephen Zarlenga | Posted 07.03.2011 | Business
Stephen Zarlenga

Be it for ignorance or by intention, few federal officials have examined how a change in the way money in our nation is created and issued could reduce our nation's deficit and, in doing so, increase millions of jobs.

Quit Planning. Do It, Please

Sen. Fritz Hollings | Posted 07.03.2011 | Politics
Sen. Fritz Hollings

We all want to cut taxes. Globalization is nothing more than production looking for a cheaper country to produce. We can cut taxes by eliminating the corporate income tax and replacing it with a 5% value added tax.